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Crypto CEO Reveals Why The Bitcoin Bull Market Is Over With Crash Below $80,000
A prominent crypto CEO has made a bold claim regarding the current state of the Bitcoin market. According to his analysis, the cryptocurrency’s bull run is officially over, with prices plummeting below $80,000.
The CEO, who wishes to remain anonymous, emphasized that his findings are based on historical data and order book analytics. He argues that the traditional metrics used to assess market trends no longer apply in today’s environment.
“We’ve seen a significant shift in how capital inflows impact Bitcoin’s price,” he explained. “Typically, even small amounts of new investment would propel prices higher during bull runs. However, we’re now observing large capital inflows failing to move the needle.”
This phenomenon can be attributed to the changing dynamics of the order book, which is influenced by the balance between buy and sell pressure. Normally, during a bull market, individual transactions tend to drive up the price. Conversely, during bear markets, even massive inflows have little effect.
The CEO went on to reveal that this trend has been persistent for several months now, indicating a clear reversal of the previous market behavior.
Bitcoin’s growth rate difference between its Market Cap and Realized Cap is another indicator that corroborates his thesis. The chart shows a stark red zone, suggesting a bearish sentiment is dominating the market.
Ju’s findings have sparked debate within the crypto community, with many experts questioning the accuracy of his methodology or disagreeing with his conclusions. Nonetheless, his claims have garnered significant attention and are likely to shape the narrative surrounding Bitcoin in the coming weeks.
As the market continues to evolve, one thing remains certain: the current downturn is not a temporary blip but rather an extended correction that has been triggered by the fundamental shift in market dynamics.
Source: https://bitcoinist.com/the-bitcoin-bull-market-is-over/
